Aberdeen chairman Dave Cormack gave us a glimpse into the finances of practically every club in Europe by explaining the financial predicament his club finds itself in. They expected £1m in match day income between now and the end of the season, as well as £5m season ticket money by June, summer merchandising income and hospitality income. Instead, they have practically zero income stretching out for an indeterminate number of months – quite possibly until August or September.
Monthly outgoings at Aberdeen are £1.2m, this month’s costs will consume nearly all the £1.5m they had in the bank at the start of the month. How they, and others, meet payroll April, May and June, is a challenge for the industry. Few clubs are as well run as Aberdeen, most will be in more serious peril.
This is not just a Scottish phenomenon; it will play out across Europe. The Championship in England is particularly vulnerable. Around the time of the collapse of ITV Digital, Brian Quinn spoke of the pack ice of European football-broadcasting homogeny showing signs of a break up. That financial crisis in English football passed when the Premier League stepped in to salve any sores.
It remains to be seen what, if any, issues afflict the Premier League. Ticket and merchandising sales are almost irrelevant to the business model in England’s’ top tier. There, it is all about the domestic and international TV deals. It cannot be emphasised enough, Premier League TV deals are absolutely critical to the entire pyramid of English football. If the contracted number of games broadcast for this season or next cannot be fulfilled, the drop in income would have serious consequences.
You and I have been debating structural change in football for too long to get excited about any of this. There is a better chance of things changing now than at any point in the last 18 years, but whatever change takes place will not necessarily involve Celtic. Still, we can ponder….
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Good advice Póg, I st finished off a tub of Pringles.
DAVID66-I’m self employed so I will probably wait a bit longer.
Thanks for the info,hopefully no longer than April,but to be fair that’s going to be some doing.
Petec and Neustadt .
Keep on gibbering , I love it .
FRED COLON- absolutely agree in a wee cheeky chapy way😉
FAIRHILL BHOY on 24TH MARCH 2020 7:31 PM
BADA-would they not be entitled to 80% wages
Wouldn’t trust him as far as I could throw him….
BADA-I agree.Theres a reason a pint is as cheap in his pubs
kkkkkkkkkkkk
Ross McCrorie Portsmouth tested +
Think there’s been a few players tested positive
I can think of a few posters who would never test positive :-)
Canamalar – sorry to hear about your dad’s passing, may perpetual light shine upon him.
Hot Smoked
😉
Hot Smoked
It’s like the old question ( modified)
If you were accused of being a Celtic supporter would there be enough evidence to convict you?
Watching bt sports us v juve.some times you forget how good that squad of players were
Let’s you see that some of our players wurnie as good as we thought they wur 😉
Baldie,nightmare,petta keeping Stan on the bench,big roberto 😉
20 years of european mediocrity.
then that night.
one of my favourite celtic nights with youngest brother.
the scoreboard at one point
celtic 4 juv
entus 2
SS-We have many great nights,one of mine was the Lyon game.The other was a few years ago
Started off going to write a lot of stuff and then changed my mind.
Just want to say that this site came into my life in Ocober 2006. (Details on request if anyone is interested.)
I first posted at end May / early June 2008.
One of the first people to welcome me was OldTim. …67.
Just made the effort to post this because of the trying times… and to let everyone here know that although I’m not posting, doesn’t mean i’m not thinking of the guys / posters who kept me company through these years.
Rant over.
ALASDAIR MACLEAN-I do that a lot.
The first person to answer me was Park Road 67
Alasdair welcome back 👍
How long is this gonnae go on for?
https://postimg.cc/fSkFvm6B
Are they ears painted on
Good afternoon from a sunny bright eastern seaboard
FB,
Naw he has been listening to Billy Joel too much
Pep Guardiola has donated €1 million euros to a foundation in Barcelona to fight coronavirus. The Spaniard has also donated beds and ventilators to hospitals
Borussia Dortmund players & bosses will forego €10m in salaries to help its 850 employees & their families effected by the COVID-19 pandemic. (Kicker via @Ballzirkulation)
Help slow the spread of #COVID19 and identify at risk cases sooner by self-reporting your symptoms daily, even if you feel well 🙏🏼. Download the app
https://covid.joinzoe.com/
GORDYBHOY64-hi buddy,I’m going to let that slide😉💚
No Buckie
No Greggs
No bookies
No fitba
No pubs
Light a candle for Glasgow
…….
Life expectancy will probably go up? Also..less stress will be put on the NHS/Police due to alcoholism and eating high fat crap .. will let the NHS concentrate most of its efforts on fighting that wee bug that’s going aboot..
Nae wee wee wifeys getting beat up because their husbands blew his money in the bookies ..
Footballs, all that should be missed 👍
Hello again all you young rebels.
Good morning from a very quiet Melbourne suburbs.
Day 6 of lockdown and the list of.. to do.. jobs diminishing
All our young dudes are competing against one another
at the bog roll keepy uppy challenge and posting vids.
No smashed feet yet ( POG ) but my legs are aching from
yesterdays exertions lol.
Great to hear from some posters who were off the radar
for a wee whiley welcome back and can you beat aul Micks
15 at bog roll challenge ?
H.H . Mick
FAIRHILL BHOY
How are you ? staying safe I hope !
Saint John has spoken
John ,that’s one mighty stutter pal😉
FB,
let it slide right enough
same as i do with Billy Joel tunes ;-)))
PARK ROAD 67-all good mate,I’ve been told I can’t work,but my wife is nhs,so she up early tomorrow.She says I’ve to iron and do washings 😉Eh
Hope you and your family good to mate.
Stay home and stay safe💚
FAIRHILL BHOY
God bless your good lady and all those other health workers
worldwide.
H.H . Mick
S.o.T
I hope and pray it the sad peak declines now.
I wish you well.
Big Jimmy
Please do not go out.i know you may feel need but you are highly vulnerable with your recent medical history.said with care.
Borussia Dortmund players stand up
A great rebalance in these times.
Hope is good.
There will be a lot of balancing the hyper wages culture is meaningless today.
Thanks for being here
Stay together,patience,space and communi ate
Stay in
:-)
HH